Fluorspar Market Overview, SWOT Analysis, Segmentation, Applications and Regional Outlook Study to 2023

Fluorspar Market Overview to 2023

Fluorspar is the commercial name of mineral fluorites. Fluorite minerals are composed of calcium fluoride (CaF2) containing 51.1% calcium and 48.9% fluorine. They are also found in the fractures and cavities of some limestone and dolomites. It occurs as cubic, isometric crystals having cleavable mass with colorless and translucent with a glassy luster. Impurities change the color of the fluorspar to purple, blue, green, yellow, or others.

Fluorspar is categorized based on purity into different types such as an acid spar, ceramic spar, met spar, and others. Acid spar is an extremely pure material containing over 97% CaF2. Ceramic spar contains about 85%-97% CaF2. Met spar contains about 60%-85% CaF2. Met spar is metallurgical grade fluorspar, which is primarily used in the production of metals where it acts as a flux to remove impurities such as sulfur and phosphorous from molten metal and thus improves the fluidity of slag.

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Key Players

Some of the major players operating in the global fluorspar market are Tertiary Minerals Plc (UK), Mexichem S.A.B. de C.V (Mexico), Masan Group (Vietnam), ZHEJIANG WUYI SHENLONG FLOATATION CO LTD. (China), Centralfluor Industries Group, Inc. (China), Kenya Fluorspar Company Ltd. (Kenya), MINERSA GROUP (Spain), Seaforth Mineral & Ore Co., Inc (U.S.), British Fluorspar Ltd (UK), China Kings Resources Group Co., Ltd. (China), and Mongolrostsvetmet LLC (Mongolia).

Intended Audience

Fluorspar manufacturers
Traders and distributors of fluorspar
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory
Metspar is further used as a catalyst in cement manufacturing and for producing fluorite carved craftworks. Acid spar is chemical grade fluorspar, extensively used in the manufacture of hydrogen fluoride & synthetic cryolite, which is fundamental raw material used in the manufacturing of aluminum metal. Additionally, acid spar further finds application in manufacturing of hydrofluoric acid (HF), which are further used for the manufacturing of fluorocarbon. It is utilized as a refrigerant in air conditioners and foam blowing agent in polymer synthesis. HF is also used as a catalyst in petroleum alkylation, for manufacturing toothpaste, as a cleaning & etching agent in the semiconductor industry, and pickling of steel among other. Ceramic spar is majorly used in the manufacturing glasses, ceramics & ceramic wares, enamelware.

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On the basis of the purity, the global fluorspar market is segmented into acid spar, ceramic spar, met spar, and others. Acid spar is sub-segmented based on application into hydrofluoric acid (HF), aluminum fluoride, synthetic cryolite, welding rods, and others. Hydrofluoric acid is further segmented based on application into fluorocarbons (refrigerant, foam blowing agent), petroleum alkylation, toothpaste, the etchant for semiconductors, steel pickling process, Li-ion batteries, and others. Ceramic spar is sub-segmented based on application into glass, ceramics, enamelware, and others. Met spar is sub-segmented based on application into metal (steel, iron, and others), cement, fluorite carved craftworks, and others.

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